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erkggz
May 6, 2018 1:58 AM

USD/NOK - Great Opportunity To Go SHORT! Short

U.S. Dollar/Norwegian KroneFXCM

Description

Not a pair that I trade very often, but I couldn't resist to check it out anyway..

As you can see this pair is currently sitting at the 61.80% fib level on the daily chart and the next candle that farm is a very bearish hammer which is a really go signal for a potential short.
BUT then again I would still keep an eye for a pontetial swing to the 78.60% before it drops, I highly doubt it but I would hate to be wrong at the same time.

Best bet would be to wait for a confirmation to form before getting in.

Take profit areas are some very respected resistance/support areas.
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